Nexus, launched at Stanford University in 2022, leverages zero-knowledge proofs to enable large-scale verifiable computing. This open scientific initiative aims to culminate decades of interdisciplinary research in cryptography, mathematics, and computer science, yielding a breakthrough system for verifiable computation – the Nexus zkVM.
San Francisco-based Nexus, a leader in zero-knowledge cryptography, has successfully raised $25 million in a Series A funding round, bringing its total funding to $27.2 million.
The Series A round was co-led by Lightspeed Venture Partners and Pantera Capital, with additional investments from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.
Nexus plans to use the funds to accelerate its go-to-market strategy and expand its engineering team.
Under the leadership of CEO and Founder Daniel Marin, Nexus is at the forefront of advancements in verifiable computation. The company is developing the Nexus Zero Knowledge Machine, an open-source virtual machine system capable of generating proofs for any computation, creating a foundation for a verifiable ecosystem.
Previously, Nexus raised $2.2 million in seed funding in late 2022, led by Dragonfly Capital with participation from Alliance, SV Angel, and Blockchain Builders Fund.
Daniel Marin shared his vision for the company, stating, “We aim to introduce a revolutionary form of computation—verifiable computation. We believe this development is as significant as the emergence of the Internet, cloud computing, and AI. Our objective is to make zero-knowledge proofs accessible to all developers and significantly reduce their costs.”
With this significant funding boost, Nexus is well-positioned to advance its innovative technology and make a substantial impact in the field of cryptography.